Title

Liquidity Campaign Funding - BSN/wETH w/ Merkl

Proposal

This is a proposal to run a 6 month Liquidity campaign with Merkl Finance and Uniswap to increase liquidity for BSN on Ethereum mainnet.

The goal is to have at least $50,000 of liquidity in the BSN/wETH mainnet & a leading L2 pool at all times. This will help us to get re-listed on Coinmarketcap as BSN and not cBSN and to get listed on Coingecko. To get here we are starting with a mainnet BSN liquidity campaign and planning to do an L2 campaign ahead.

Specification

Reward BSN/wETH LPs in this Uniswap pool with BSN at these intervals.

4,500,000 BSN - Month 1 4,000,000 BSN - Month 2 3,000,000 BSN - Month 3 2,000,000 BSN - Month 4 1,000,000 BSN - Month 5 500,000 BSN - Month 6

Each month the Grants/Liquidity Council will add the agreed upon BSN rewards to Merkl on the 1st of the month.

Each month the Council (Grants/Liquidity) will review the results and determine if adjustments should be made to adjust the incentives to help increase BSN liquidity to a mainnet market depth of ~$25,000.

Merkl will be used to claim the rewards and the cost to use Merkl is 3% of each month’s campaign.